ARI US Equity

Apollo Commercial Real Estate Finance, Inc.

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Real Estate · Real Estate Investment Trusts · CIK 1467760 · FYE 1231

$6.73

+0.04 (+0.60%)

USD · as of 2026-07-28 · marketstack

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Institutional ownership· 13F filers holding ARI · 2026-Q1 methodology → sources →

269 holders

% of shares outstanding held

64.6%

Shares held (13F)

85,866,073

Reporting holders

269

Top holders

largest 100 of 269 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	BlackRock, Inc.	21,183,89621.2M	$224M	15.95%	—
2	VANGUARD PORTFOLIO MANAGEMENT LLC	7,936,4177.9M	$84M	5.97%	NEW†
3	VANGUARD CAPITAL MANAGEMENT LLC	6,404,9436.4M	$68M	4.82%	NEW†
4	STATE STREET CORP	5,266,2195.3M	$57M	3.96%	—
5	No Street GP LP	3,350,0003.4M	$35M	2.52%	ADD 4%
6	GEODE CAPITAL MANAGEMENT, LLC	3,324,6523.3M	$35M	2.50%	ADD 5%
7	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	2,744,9062.7M	$29M	2.07%	ADD 24%
8	Invesco Ltd.	2,170,6642.2M	$23M	1.63%	ADD 74%
9	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	2,157,9782.2M	$23M	1.62%	TRIM -2%
10	MORGAN STANLEY	1,780,9631.8M	$19M	1.34%	TRIM -9%
11	NORTHERN TRUST CORP	1,696,8641.7M	$18M	1.28%	ADD 3%
12	MILLENNIUM MANAGEMENT LLC	1,286,5061.3M	$14M	0.97%	ADD 155%
13	VAN ECK ASSOCIATES CORP	1,236,6481.2M	$13M	0.93%	ADD 4%
14	Bank of New York Mellon Corp	930,396930,396	$10M	0.70%	—
15	VANGUARD FIDUCIARY TRUST CO	889,864889,864	$9M	0.67%	NEW
16	Empyrean Capital Partners, LP	883,751883,751	$9M	0.67%	NEW
17	FIRST TRUST ADVISORS LP	782,514782,514	$8M	0.59%	ADD 23%
18	UBS Group AG	755,540755,540	$8M	0.57%	ADD 36%
19	Azora Capital LP	708,335708,335	$7M	0.53%	NEW
20	Apollo Management Holdings, L.P.	665,573665,573	$7M	0.50%	—
21	JPMORGAN CHASE & CO	651,535651,535	$7M	0.49%	—
22	PRINCIPAL FINANCIAL GROUP INC	640,301640,301	$7M	0.48%	TRIM -25%
23	HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	613,662613,662	$6M	0.46%	TRIM -3%
24	Edgestream Partners, L.P.	501,541501,541	$5M	0.38%	TRIM -8%
25	Public Sector Pension Investment Board	469,417469,417	$5M	0.35%	ADD 4%
26	GOLDMAN SACHS GROUP INC	456,788456,788	$5M	0.34%	TRIM -39%
27	READYSTATE ASSET MANAGEMENT LP	450,770450,770	$5M	0.34%	NEW
28	CURA WEALTH ADVISORS, LLC	437,233437,233	$5M	0.33%	TRIM -47%
29	RHUMBLINE ADVISERS	389,837389,837	$4M	0.29%	—
30	BANK OF AMERICA CORP /DE/	382,239382,239	$4M	0.29%	ADD 17%
31	NOMURA HOLDINGS INC	368,083368,083	$4M	0.28%	ADD 236%
32	XTX Topco Ltd	361,761361,761	$4M	0.27%	NEW
33	Allianz Asset Management GmbH	343,615343,615	$4M	0.26%	TRIM -23%
34	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	342,414342,414	$4M	0.26%	TRIM -9%
35	SUSQUEHANNA INTERNATIONAL GROUP, LLP	337,406337,406	$4M	0.25%	ADD 1205%
36	Carmel Capital Partners, LLC	336,262336,262	$4M	0.25%	ADD 7%
37	Nuveen, LLC	334,905334,905	$4M	0.25%	TRIM -14%
38	RENAISSANCE TECHNOLOGIES LLC	327,540327,540	$3M	0.25%	NEW
39	LPL Financial LLC	325,854325,854	$3M	0.25%	TRIM -8%
40	AQR CAPITAL MANAGEMENT LLC	321,544321,544	$3M	0.24%	ADD 3%
41	Legal & General Group Plc	319,353319,353	$3M	0.24%	—
42	AMERIPRISE FINANCIAL INC	307,163307,163	$3M	0.23%	TRIM -4%
43	NewGen Asset Management Ltd	305,670305,670	$3M	0.23%	NEW
44	Brevan Howard Capital Management LP	304,972304,972	$3M	0.23%	NEW
45	Purpose Unlimited Inc.	277,178277,178	$3M	0.21%	ADD 12%
46	Balyasny Asset Management L.P.	276,134276,134	$3M	0.21%	TRIM -47%
47	BI Asset Management Fondsmaeglerselskab A/S	264,070264,070	$3M	0.20%	TRIM -6%
48	Swiss National Bank	260,239260,239	$3M	0.20%	—
49	PEAK6 LLC	232,539232,539	$2M	0.18%	NEW
50	New Age Alpha Advisors, LLC	230,070230,070	$2M	0.17%	TRIM -4%
51	WELLS FARGO & COMPANY/MN	219,307219,307	$2M	0.17%	TRIM -31%
52	Davidson Kempner Capital Management LP	219,217219,217	$2M	0.17%	NEW
53	PRELUDE CAPITAL MANAGEMENT, LLC	200,000200,000	$2M	0.15%	TRIM -11%
54	One William Street Capital Management, L.P.	200,000200,000	$2M	0.15%	NEW
55	TWO SIGMA INVESTMENTS, LP	199,270199,270	$2M	0.15%	TRIM -24%
56	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	180,619180,619	$2M	0.14%	TRIM -8%
57	WOLVERINE ASSET MANAGEMENT LLC	178,634178,634	$2M	0.13%	—
58	ALLIANCEBERNSTEIN L.P.	194,817194,817	$2M	0.15%	—
59	Alpine Global Management, LLC	167,773167,773	$2M	0.13%	NEW
60	Family Manage LLC	159,283159,283	$2M	0.12%	NEW
61	Hennion & Walsh Asset Management, Inc.	153,450153,450	$2M	0.12%	ADD 19%
62	JANE STREET GROUP, LLC	153,192153,192	$2M	0.12%	ADD 50%
63	Truvestments Capital LLC	153,111153,111	$2M	0.12%	NEW
64	PRICE T ROWE ASSOCIATES INC /MD/	148,176148,176	$2M	0.11%	ADD 24%
65	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	139,738139,738	$1M	0.11%	ADD 15%
66	PRUDENTIAL FINANCIAL INC	136,696136,696	$1M	0.10%	TRIM -5%
67	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	128,375128,375	$1M	0.10%	TRIM -39%
68	Merit Financial Group, LLC	128,997128,997	$1M	0.10%	—
69	Advisors Asset Management, Inc.	125,781125,781	$1M	0.09%	ADD 82%
70	AlphaCore Capital LLC	120,377120,377	$1M	0.09%	—
71	DEUTSCHE BANK AG\	121,416121,416	$1M	0.09%	ADD 13%
72	SIMPLEX TRADING, LLC	119,664119,664	$1M	0.09%	NEW
73	Penserra Capital Management LLC	118,335118,335	$1M	0.09%	ADD 3%
74	NOVARE CAPITAL MANAGEMENT LLC	114,175114,175	$1M	0.09%	ADD 5%
75	CANADA LIFE ASSURANCE Co	113,037113,037	$1M	0.09%	ADD 4%
76	Thrivent Financial for Lutherans	112,752112,752	$1M	0.08%	ADD 4%
77	Brooklyn Investment Group	112,471112,471	$1M	0.08%	NEW
78	VANGUARD ASSET MANAGEMENT, Ltd	112,036112,036	$1M	0.08%	NEW
79	CITADEL ADVISORS LLC	107,656107,656	$1M	0.08%	TRIM -71%
80	AMERICAN FINANCIAL GROUP INC	105,154105,154	$1M	0.08%	—
81	Troluce Capital Advisors LLC	104,800104,800	$1M	0.08%	NEW
82	RAYMOND JAMES FINANCIAL INC	100,662100,662	$1M	0.08%	ADD 12%
83	VICTORY CAPITAL MANAGEMENT INC	99,06999,069	$1M	0.07%	—
84	Rockefeller Capital Management L.P.	97,04897,048	$1M	0.07%	ADD 311%
85	LDR Capital Management LLC	95,13195,131	$1M	0.07%	NEW
86	OSAIC HOLDINGS, INC.	91,95891,958	$971,100	0.07%	ADD 23%
87	Kestra Advisory Services, LLC	85,94085,940	$907,528	0.06%	ADD 6%
88	Lido Advisors, LLC	75,72475,724	$818,579	0.06%	—
89	MetLife Investment Management, LLC	73,13573,135	$772,306	0.06%	TRIM -3%
90	Samalin Investment Counsel, LLC	72,25972,259	$763,050	0.05%	TRIM -14%
91	BANK OF MONTREAL /CAN/	71,98971,989	$760,204	0.05%	ADD 9%
92	PFG Investments, LLC	71,83071,830	$758,525	0.05%	—
93	Sophron Capital Management L.P.	70,48470,484	$744,311	0.05%	NEW
94	Illinois Municipal Retirement Fund	65,82465,824	$695,101	0.05%	TRIM -6%
95	Handelsbanken Fonder AB	65,30265,302	$690,000	0.05%	ADD 21%
96	State of Alaska, Department of Revenue	65,10465,104	$687,000	0.05%	TRIM -2%
97	QRG CAPITAL MANAGEMENT, INC.	64,02664,026	$676,110	0.05%	ADD 14%
98	STIFEL FINANCIAL CORP	63,44863,448	$670,015	0.05%	—
99	VOLORIDGE INVESTMENT MANAGEMENT, LLC	62,89562,895	$664,171	0.05%	NEW
100	Zurcher Kantonalbank (Zurich Cantonalbank)	60,18060,180	$635,501	0.05%	ADD 34%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

BlackRock, Inc.

22.5M

21.9M

21.0M

21.2M

$224M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

7.9M

$84M

VANGUARD CAPITAL MANAGEMENT LLC

—

6.4M

$68M

STATE STREET CORP

5.4M

5.2M

5.3M

$57M

No Street GP LP

—

2.3M

3.0M

3.2M

3.4M

$35M

GEODE CAPITAL MANAGEMENT, LLC

3.1M

3.2M

3.1M

3.2M

3.3M

$35M

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

977K

1.9M

2.0M

2.1M

2.2M

2.7M

$29M

Invesco Ltd.

926K

859K

1.3M

1.1M

1.2M

2.2M

$23M

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

2.3M

2.2M

$23M

MORGAN STANLEY

1.9M

1.8M

1.7M

1.6M

2.0M

1.8M

$19M

NORTHERN TRUST CORP

1.7M

1.6M

1.7M

$18M

MILLENNIUM MANAGEMENT LLC

233K

91K

36K

19K

504K

1.3M

$14M

VAN ECK ASSOCIATES CORP

1.1M

997K

999K

1.0M

1.2M

$13M

Bank of New York Mellon Corp

1.0M

965K

938K

930K

$10M

VANGUARD FIDUCIARY TRUST CO

—

890K

$9M

Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	269	85,866,073	64.6%	$908M
2025-Q4

Short interest has its own tab now — open SI →

Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.

Activists & large holders· Schedule 13D/G beneficial owners · ARI

Large holders — 13G, passive (top 4 by % of class)

Holder	% of class	Type	As of
BlackRock, Inc.	8.9%	QII	2026-06-30	SEC →
VANGUARD PORTFOLIO MANAGEMENT LLC	5.78%	QII	2026-03-31	SEC →
VANGUARD CAPITAL MANAGEMENT LLC	5.33%	QII	2026-03-31	SEC →
VANGUARD GROUP INC	0%	QII	2026-03-13	SEC →

Source: SEC Schedule 13D/13G structured XML. 13D = active intent; 13G filers report passively (Rule 13d-1(b) QII / 13d-1(c) Passive / 13d-1(d) Exempt) and are not activists. Percent and delta are the group aggregate the filing reports. Structured 13D/G coverage begins December 2024 (SEC XML mandate).

Institutional ownership· 13F filers holding ARI · 2026-Q1 methodology → sources →

269 holders

% of shares outstanding held

64.6%

Shares held (13F)

85,866,073

Reporting holders

269

Top holders

largest 100 of 269 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	BlackRock, Inc.	21,183,89621.2M	$224M	15.95%	—
2	VANGUARD PORTFOLIO MANAGEMENT LLC	7,936,4177.9M	$84M	5.97%	NEW†
3	VANGUARD CAPITAL MANAGEMENT LLC	6,404,9436.4M	$68M	4.82%	NEW†
4	STATE STREET CORP	5,266,2195.3M	$57M	3.96%	—
5	No Street GP LP	3,350,0003.4M	$35M	2.52%	ADD 4%
6	GEODE CAPITAL MANAGEMENT, LLC	3,324,6523.3M	$35M	2.50%	ADD 5%
7	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	2,744,9062.7M	$29M	2.07%	ADD 24%
8	Invesco Ltd.	2,170,6642.2M	$23M	1.63%	ADD 74%
9	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	2,157,9782.2M	$23M	1.62%	TRIM -2%
10	MORGAN STANLEY	1,780,9631.8M	$19M	1.34%	TRIM -9%
11	NORTHERN TRUST CORP	1,696,8641.7M	$18M	1.28%	ADD 3%
12	MILLENNIUM MANAGEMENT LLC	1,286,5061.3M	$14M	0.97%	ADD 155%
13	VAN ECK ASSOCIATES CORP	1,236,6481.2M	$13M	0.93%	ADD 4%
14	Bank of New York Mellon Corp	930,396930,396	$10M	0.70%	—
15	VANGUARD FIDUCIARY TRUST CO	889,864889,864	$9M	0.67%	NEW
16	Empyrean Capital Partners, LP	883,751883,751	$9M	0.67%	NEW
17	FIRST TRUST ADVISORS LP	782,514782,514	$8M	0.59%	ADD 23%
18	UBS Group AG	755,540755,540	$8M	0.57%	ADD 36%
19	Azora Capital LP	708,335708,335	$7M	0.53%	NEW
20	Apollo Management Holdings, L.P.	665,573665,573	$7M	0.50%	—
21	JPMORGAN CHASE & CO	651,535651,535	$7M	0.49%	—
22	PRINCIPAL FINANCIAL GROUP INC	640,301640,301	$7M	0.48%	TRIM -25%
23	HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	613,662613,662	$6M	0.46%	TRIM -3%
24	Edgestream Partners, L.P.	501,541501,541	$5M	0.38%	TRIM -8%
25	Public Sector Pension Investment Board	469,417469,417	$5M	0.35%	ADD 4%
26	GOLDMAN SACHS GROUP INC	456,788456,788	$5M	0.34%	TRIM -39%
27	READYSTATE ASSET MANAGEMENT LP	450,770450,770	$5M	0.34%	NEW
28	CURA WEALTH ADVISORS, LLC	437,233437,233	$5M	0.33%	TRIM -47%
29	RHUMBLINE ADVISERS	389,837389,837	$4M	0.29%	—
30	BANK OF AMERICA CORP /DE/	382,239382,239	$4M	0.29%	ADD 17%
31	NOMURA HOLDINGS INC	368,083368,083	$4M	0.28%	ADD 236%
32	XTX Topco Ltd	361,761361,761	$4M	0.27%	NEW
33	Allianz Asset Management GmbH	343,615343,615	$4M	0.26%	TRIM -23%
34	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	342,414342,414	$4M	0.26%	TRIM -9%
35	SUSQUEHANNA INTERNATIONAL GROUP, LLP	337,406337,406	$4M	0.25%	ADD 1205%
36	Carmel Capital Partners, LLC	336,262336,262	$4M	0.25%	ADD 7%
37	Nuveen, LLC	334,905334,905	$4M	0.25%	TRIM -14%
38	RENAISSANCE TECHNOLOGIES LLC	327,540327,540	$3M	0.25%	NEW
39	LPL Financial LLC	325,854325,854	$3M	0.25%	TRIM -8%
40	AQR CAPITAL MANAGEMENT LLC	321,544321,544	$3M	0.24%	ADD 3%
41	Legal & General Group Plc	319,353319,353	$3M	0.24%	—
42	AMERIPRISE FINANCIAL INC	307,163307,163	$3M	0.23%	TRIM -4%
43	NewGen Asset Management Ltd	305,670305,670	$3M	0.23%	NEW
44	Brevan Howard Capital Management LP	304,972304,972	$3M	0.23%	NEW
45	Purpose Unlimited Inc.	277,178277,178	$3M	0.21%	ADD 12%
46	Balyasny Asset Management L.P.	276,134276,134	$3M	0.21%	TRIM -47%
47	BI Asset Management Fondsmaeglerselskab A/S	264,070264,070	$3M	0.20%	TRIM -6%
48	Swiss National Bank	260,239260,239	$3M	0.20%	—
49	PEAK6 LLC	232,539232,539	$2M	0.18%	NEW
50	New Age Alpha Advisors, LLC	230,070230,070	$2M	0.17%	TRIM -4%
51	WELLS FARGO & COMPANY/MN	219,307219,307	$2M	0.17%	TRIM -31%
52	Davidson Kempner Capital Management LP	219,217219,217	$2M	0.17%	NEW
53	PRELUDE CAPITAL MANAGEMENT, LLC	200,000200,000	$2M	0.15%	TRIM -11%
54	One William Street Capital Management, L.P.	200,000200,000	$2M	0.15%	NEW
55	TWO SIGMA INVESTMENTS, LP	199,270199,270	$2M	0.15%	TRIM -24%
56	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	180,619180,619	$2M	0.14%	TRIM -8%
57	WOLVERINE ASSET MANAGEMENT LLC	178,634178,634	$2M	0.13%	—
58	ALLIANCEBERNSTEIN L.P.	194,817194,817	$2M	0.15%	—
59	Alpine Global Management, LLC	167,773167,773	$2M	0.13%	NEW
60	Family Manage LLC	159,283159,283	$2M	0.12%	NEW
61	Hennion & Walsh Asset Management, Inc.	153,450153,450	$2M	0.12%	ADD 19%
62	JANE STREET GROUP, LLC	153,192153,192	$2M	0.12%	ADD 50%
63	Truvestments Capital LLC	153,111153,111	$2M	0.12%	NEW
64	PRICE T ROWE ASSOCIATES INC /MD/	148,176148,176	$2M	0.11%	ADD 24%
65	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	139,738139,738	$1M	0.11%	ADD 15%
66	PRUDENTIAL FINANCIAL INC	136,696136,696	$1M	0.10%	TRIM -5%
67	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	128,375128,375	$1M	0.10%	TRIM -39%
68	Merit Financial Group, LLC	128,997128,997	$1M	0.10%	—
69	Advisors Asset Management, Inc.	125,781125,781	$1M	0.09%	ADD 82%
70	AlphaCore Capital LLC	120,377120,377	$1M	0.09%	—
71	DEUTSCHE BANK AG\	121,416121,416	$1M	0.09%	ADD 13%
72	SIMPLEX TRADING, LLC	119,664119,664	$1M	0.09%	NEW
73	Penserra Capital Management LLC	118,335118,335	$1M	0.09%	ADD 3%
74	NOVARE CAPITAL MANAGEMENT LLC	114,175114,175	$1M	0.09%	ADD 5%
75	CANADA LIFE ASSURANCE Co	113,037113,037	$1M	0.09%	ADD 4%
76	Thrivent Financial for Lutherans	112,752112,752	$1M	0.08%	ADD 4%
77	Brooklyn Investment Group	112,471112,471	$1M	0.08%	NEW
78	VANGUARD ASSET MANAGEMENT, Ltd	112,036112,036	$1M	0.08%	NEW
79	CITADEL ADVISORS LLC	107,656107,656	$1M	0.08%	TRIM -71%
80	AMERICAN FINANCIAL GROUP INC	105,154105,154	$1M	0.08%	—
81	Troluce Capital Advisors LLC	104,800104,800	$1M	0.08%	NEW
82	RAYMOND JAMES FINANCIAL INC	100,662100,662	$1M	0.08%	ADD 12%
83	VICTORY CAPITAL MANAGEMENT INC	99,06999,069	$1M	0.07%	—
84	Rockefeller Capital Management L.P.	97,04897,048	$1M	0.07%	ADD 311%
85	LDR Capital Management LLC	95,13195,131	$1M	0.07%	NEW
86	OSAIC HOLDINGS, INC.	91,95891,958	$971,100	0.07%	ADD 23%
87	Kestra Advisory Services, LLC	85,94085,940	$907,528	0.06%	ADD 6%
88	Lido Advisors, LLC	75,72475,724	$818,579	0.06%	—
89	MetLife Investment Management, LLC	73,13573,135	$772,306	0.06%	TRIM -3%
90	Samalin Investment Counsel, LLC	72,25972,259	$763,050	0.05%	TRIM -14%
91	BANK OF MONTREAL /CAN/	71,98971,989	$760,204	0.05%	ADD 9%
92	PFG Investments, LLC	71,83071,830	$758,525	0.05%	—
93	Sophron Capital Management L.P.	70,48470,484	$744,311	0.05%	NEW
94	Illinois Municipal Retirement Fund	65,82465,824	$695,101	0.05%	TRIM -6%
95	Handelsbanken Fonder AB	65,30265,302	$690,000	0.05%	ADD 21%
96	State of Alaska, Department of Revenue	65,10465,104	$687,000	0.05%	TRIM -2%
97	QRG CAPITAL MANAGEMENT, INC.	64,02664,026	$676,110	0.05%	ADD 14%
98	STIFEL FINANCIAL CORP	63,44863,448	$670,015	0.05%	—
99	VOLORIDGE INVESTMENT MANAGEMENT, LLC	62,89562,895	$664,171	0.05%	NEW
100	Zurcher Kantonalbank (Zurich Cantonalbank)	60,18060,180	$635,501	0.05%	ADD 34%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

BlackRock, Inc.

22.5M

21.9M

21.0M

21.2M

$224M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

7.9M

$84M

VANGUARD CAPITAL MANAGEMENT LLC

—

6.4M

$68M

STATE STREET CORP

5.4M

5.2M

5.3M

$57M

No Street GP LP

—

2.3M

3.0M

3.2M

3.4M

$35M

GEODE CAPITAL MANAGEMENT, LLC

3.1M

3.2M

3.1M

3.2M

3.3M

$35M

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

977K

1.9M

2.0M

2.1M

2.2M

2.7M

$29M

Invesco Ltd.

926K

859K

1.3M

1.1M

1.2M

2.2M

$23M

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

2.3M

2.2M

$23M

MORGAN STANLEY

1.9M

1.8M

1.7M

1.6M

2.0M

1.8M

$19M

NORTHERN TRUST CORP

1.7M

1.6M

1.7M

$18M

MILLENNIUM MANAGEMENT LLC

233K

91K

36K

19K

504K

1.3M

$14M

VAN ECK ASSOCIATES CORP

1.1M

997K

999K

1.0M

1.2M

$13M

Bank of New York Mellon Corp

1.0M

965K

938K

930K

$10M

VANGUARD FIDUCIARY TRUST CO

—

890K

$9M

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	269	85,866,073	64.6%	$908M
2025-Q4

Short interest has its own tab now — open SI →

Activists & large holders· Schedule 13D/G beneficial owners · ARI

Large holders — 13G, passive (top 4 by % of class)

Holder	% of class	Type	As of
BlackRock, Inc.	8.9%	QII	2026-06-30	SEC →
VANGUARD PORTFOLIO MANAGEMENT LLC	5.78%	QII	2026-03-31	SEC →
VANGUARD CAPITAL MANAGEMENT LLC	5.33%	QII	2026-03-31	SEC →
VANGUARD GROUP INC	0%	QII	2026-03-13	SEC →

ARI US Equity☆

Institutional ownership· 13F filers holding ARI · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · ARI

Institutional ownership· 13F filers holding ARI · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · ARI

ARI US Equity